Iceland Indicts 15 Over Financial Crisis

By

Gustav Sandstrom

March 22, 2013 1:23 p.m. ET

Iceland's special prosecutor has indicted two former chief executives and more than a dozen other ex-employees of banks that fell in the financial crisis that gripped the nation in the autumn of 2008, accusing them of stock price manipulation and securities fraud.

The charges were brought over the past week by Olafur Thor Hauksson, who was hired in 2009 to investigate suspicions of fraud and allegation at major banks, including now-defunct Landsbanki hf and Kaupthing Bank hf. "These are quite big cases by any...